PlayNitride reports its financial results for Q1 2026, cancels $31 million expansion plan, opens Singapore subsidiary
Taiwan-based MicroLED developer PlayNitride announced its financial results for Q1 2026, with 135.8 million NTD ($4.3 million USD) in revenues, down from 300 million NTD last year. The company's net loss reached 251.8 million NTD (almost $8 million), up from a loss of 51.5 million NTD last year.
A few days ago, PlayNitride also announced that its China-based subsidiary PlayNitride Kunshan has cancelled its plans to buy new microLED mass transfer equipment from Suzhou-based Yuzhu Semiconductor. The original deal (signed in February 2026) was worth $31.3 million. Yuzhu Semi will refund all payments made by PlayNitride and will not claim and compensation or restitution.


